"I’d do a deal in Houston every day if I could," said Mace McClatchy, senior vice president of the south central U.S. for Black Creek Group’s Dallas office, when asked if the firm was pursuing other opportunities in Houston. "Black Creek is a big fan of Houston. … We have several interesting prospects down there right now."

In late April, Black Creek bought Stafford Grove Industrial Park, a three-building, Class A industrial park that delivered around a year ago. The park was built by Dallas-based Crow Holdings Industrial...